May 30, 2019

JD Sports lines up £6m cash bonus for executive chairman

JD Sports plans to pay its executive chairman Peter Cowgill a special bonus of £6m in cash to reflect his "Exceptional performance" in the role. Mr Cowgill, who has run JD Sports without a chief executive since 2014, has also not received pension contribution payments since 2013. Shares in JD Sports have risen by more than 6,000 per cent since Mr Cowgill's appointment as executive chairman in March 2004. Deborah Rees-Frost, chief executive of Personal Group, said the bonus "Looked like a kind of levelling up arrangement". Rew Leslie, the chair of the remuneration committee, is a former Pentland director while its chairman Andy Rubin is also on the JD Sports board, though he does not sit on the remuneration committee.

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